The fund received over 9,500 applications.
Canara Robeco Mutual Fund today announced that its Capital Protection Oriented Fund Series 3 has collected Rs. 260 crore. The NFO closed for subscription on September 15. The scheme received over 9,500 applications.
Rajnish Narula, CEO, Canara Robeco Mutual Fund said “We are pleased with the excellent response to the Canara Robeco Capital Protection Oriented Fund –Series 3 NFO, especially from our retail investors. The success of the NFO is a reflection of investor confidence in the product, good market condition and faith in Canara Robeco Mutual Fund.”
Canara Robeco Capital Protection Oriented Fund – Series 3 is a close ended capital protection oriented scheme with tenure of 37 months. The scheme aims to generate capital protection by investing in high quality fixed income securities maturing on or before the maturity of the scheme and seeking capital appreciation by investing in equity and equity related instruments.
